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UPDATE: Dahlman Rose Upgrades Chevron to Buy

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Dahlman Rose published a research report on Chevron (NYSE: CVX) and upgraded the company from Hold to Buy with a $120 price target.

In the report, Dahlman Rose wrote, "After the market close, CVX increased the Gorgon LNG project cost estimate to A$52 Bn (US $54 Bn using current exchange rate). While the cost increase is disappointing, it is in line with our estimate. With the key investment overhang removed, we are upgrading CVX to Buy from Hold."

Chevron closed Wednesday at $105.17.

Latest Ratings for CVX

DateFirmActionFromTo
Sep 2014JP MorganInitiates Coverage onNeutral
Sep 2014Bank of AmericaDowngradesNeutralUnderperform
Aug 2014Morgan StanleyDowngradesOverweightEqualweight

View More Analyst Ratings for CVX
View the Latest Analyst Ratings

Posted-In: Dahlman RoseAnalyst Color Upgrades Analyst Ratings

 

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